Our accounts at a glance
To waive the monthly maintenance fee, you'll need to meet one of our minimum balance requirements1:
$75,000 minimum balance
Recurring direct deposits totaling at least $5,000 per month2
An HSBC U.S. residential mortgage loan with an original loan amount of at least $500,000.
Please note: $50 monthly maintenance fee is incurred if one of these requirements is not maintained.
To waive the monthly maintenance fee, you'll need to meet one of our minimum balance requirements3:
$5,000 minimum balance with recurring direct deposit2
$10,000 minimum balance
Any HSBC U.S. residential mortgage loan
Please note: $25 monthly maintenance fee is incurred if one of these requirements is not maintained.
Value and personalized support for day-to-day banking needs
HSBC Debit Mastercard® card with no annual or monthly service fees.10
Student Checking Offer – Choice Checking
When you bank with us you’ll get
Access to HSBC ATMs Worldwide
Take advantage of no withdrawal fees14 at most HSBC ATMs within our expansive global network.
Optional Overdraft Protection
Enjoy peace of mind with a personal line of credit that can be used as overdraft protection.
1 To qualify for an HSBC Premier relationship, you need to open an HSBC Premier checking account and maintain balances of $75,000 in combined U.S. Dollar personal deposit accounts and investment* balances OR recurring direct deposits totaling at least $5,000 from a third party to an HSBC Premier checking account(s) per calendar month OR an HSBC U.S. residential mortgage loan with an original loan amount of at least $500,000. Business owners may use their qualifying HSBC U.S. Dollar commercial balances to qualify for a personal Premier relationship. A monthly maintenance fee of $50 will be incurred if one of these requirements is not maintained.
2 Qualifying direct deposits are electronic deposits of regular periodic payments (such as salary, pension, Government Benefits or other monthly income) made into your HSBC checking account from third parties at least once per calendar month.
3 To qualify for an HSBC Advance relationship, you need to open an HSBC Advance checking account and maintain combined balances in U.S. Dollar personal deposit accounts and investment* balances of at least $10,000 OR of at least $5,000 with a recurring direct deposit from a third party to an HSBC Advance checking account at least once per calendar month OR an HSBC U.S. residential mortgage loan. Business owners may use their qualifying HSBC U.S. Dollar commercial balances to qualify for a personal HSBC Advance relationship. A monthly maintenance fee of $25 will be incurred if one of these requirements is not maintained.
4 To qualify for an HSBC Choice Checking relationship, you need to open an HSBC Choice Checking account and maintain combined balances in U.S. Dollar personal deposit accounts and investment* balances of at least $1,500 OR maintain a recurring direct deposit from a third party to an HSBC Choice Checking account at least once per calendar month. A monthly maintenance fee of $15 will be incurred if minimum balance or recurring direct deposit requirement is not met.
5 Basic Banking has no minimum balance requirement and the monthly maintenance fee is $3. There is no charge for the first eight checks/withdrawal slips you write, then you will be charged $ .35 per check or withdrawal.
6 Available only on U.S. non-HSBC ATM transactions initiated from HSBC Premier checking, Premier Asset Management, HSBC Premier Savings, and HSBC Promotional Premier Savings account. HSBC will rebate qualifying non-HSBC ATM third-party surcharge fees incurred with a credit to your account on the first business day of the following calendar month.
7 Global View and Global Transfers are only available for HSBC Premier and HSBC Advance clients and are not available in all countries. Foreign currency exchange rates and local country limitations may apply. Transfers from HSBC accounts from outside the U.S. may be subject to transfer fees. Personal Internet Banking is required to access Global View and Global Transfers. Access to U.S. Personal Internet Banking through Global View from outside the U.S. may be limited.
8 Rates, discounts and loan amounts depend on specific program and may require certain personal deposit and investment* balances, reserves, equity and automatic payment from an HSBC U.S. checking account.
9 Available only on U.S. non-HSBC ATM transactions (except in New York State) initiated from HSBC Advance checking, HSBC Advance Savings and HSBC Advance Promotional Savings. HSBC will rebate up to four qualifying non-HSBC ATM third-party surcharges incurred based on transaction date order during the calendar month. The rebate will be credited to your account on the first business day of the following calendar month.
10 If you effect a foreign transaction on your HSBC Bank Consumer Checking or Savings account at an EFT facility with your HSBC Debit Mastercard® card, the transaction amount may be further increased by a percentage established from time to time by us. This Foreign Transaction Fee does not apply to transactions using your HSBC Jade World Debit Mastercard® card or HSBC Premier World Debit Mastercard® card.
11 HSBC Direct Savings is an “online only” product, which requires use of automated telephone banking, e-statements, and Personal Internet Banking. This is an HSBC consumer account and is not available as an HSBC business account. See the HSBC Direct Savings Terms & Charges Disclosure for more information. HSBC Direct Savings can only be opened online. ATM/Debit card is not available for this product.
12 HSBC offers the Modules for educational purposes only and they should not be considered professional or investment advice. While HSBC is pleased to offer the Modules as an educational service to our customers, HSBC does not guarantee, warrant or recommend the opinion or advice or the product and/or services offered or mentioned in these Modules. Any opinions, judgments, advice, statements, services, offers or other information presented within a Module are those of a third party and not HSBC. For a comprehensive review of your personal finances, always consult with a tax or legal advisor. Neither HSBC, nor any of its representatives, may give legal or tax advice.
13 The 6 Year Maintenance Fee Waiver Offer is available for applications completed in United States branches, Retail Relationship Center or the International Banking Center from June 24, 2019 – February 15, 2020 (“Offer Period”). You must be at least 18 years of age and list student as your occupation on your application (“Qualifying Student”). Customers who held a HSBC consumer deposit or investment account from June 23, 2016 through and including June 23, 2019 are not eligible for this offer. Customers who maintain(ed) a HSBC Mortgage and/or Credit Card without a consumer deposit or investment account are eligible. For Qualifying Student who opens a HSBC Choice Checking account during Offer Period, the Choice Checking account Monthly Maintenance Fee will be waived for six (6) years from account opening. After the 6 year period, Monthly Maintenance Fee may apply. The $15 Monthly Maintenance Fee can be avoided as long as one of the following requirements are met: (1) $1,500 minimum balance in combined U.S. Dollar personal deposit accounts and investment* balances; OR (2) a recurring qualifying direct deposit from a third party. Qualifying direct deposits are electronic deposits of regular periodic payments (such as salary, pension, Government Benefits or other monthly income) made into your HSBC Choice Checking account from third parties at least once per calendar month. Requirements and Monthly Maintenance Fee amount are subject to change. Limit one account Maintenance Fee Waiver per customer, including all individual and joint accounts — the first line name on the joint account is considered the customer for gift purposes. HSBC reserves the right to change or terminate this offer at its sole discretion.
United States persons are subject to U.S. taxation on their worldwide income and may be subject to tax and other filing obligations with respect to their U.S. and non-U.S. accounts. U.S. persons should consult a tax adviser for more information.
HSBC Debit Mastercard® cards are issued by HSBC Bank USA, N.A.
Mastercard is a registered trademark, and the circles design is a trademark of Mastercard International Incorporated.
Mortgage and home equity products are offered in the U.S. by HSBC Bank USA, N.A. and are only available for property located in the U.S. Subject to credit approval. Borrowers must meet program qualifications. Programs are subject to change. Geographic and other restrictions may apply. Discounts can be canceled or are subject to change at any time and cannot be combined with any other offer or discount.
Deposit products are offered in the U.S. by HSBC Bank USA, N.A. Member FDIC.
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